HAY International BE: what changed
HAY International BE
Largest movements
- Intangible fixed assets -€45,000
down €45,000 (-17.4%), from €257,998 to €212,998
- Cash +€33,970
up €33,970 (+10.3%), from €330,511 to €364,481
mainly Depreciation (+€60,213) and Trade debts (+€20,914)
- Receivables within one year +€22,103
up €22,103 (+37.9%), from €58,358 to €80,462
of which Trade receivables: +€21,093
- Tangible fixed assets -€14,848
down €14,848 (-19.9%), from €74,461 to €59,613
of which Other tangible fixed assets: -€16,104
- Deferred charges and accrued income -€10,396
down €10,396 (-46.2%), from €22,496 to €12,101
- Profit (loss) carried forward -€57,601
down €57,601 (-9.7%), from €595,872 to €538,271
- Trade debts +€20,914
up €20,914 (+46.5%), from €44,948 to €65,863
- Accrued charges and deferred income +€14,603
up €14,603 (+103%), from €14,150 to €28,753
- Tax, wage and social debts +€7,913
up €7,913 (+20.4%), from €38,854 to €46,767
of which Taxes: +€8,191
- Staff costs +€18,387
up €18,387 (+7.1%), from €258,863 to €277,250
- Gross operating margin -€6,180
down €6,180 (-2.1%), from €288,879 to €282,698
- Depreciation -€4,063
down €4,063 (-6.3%), from €64,277 to €60,213
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €743,824 | €729,654 | -€14,171 | -1.9% |
| Fixed assets | 21/28 | €332,459 | €272,611 | -€59,848 | -18.0% |
| Intangible fixed assets | 21 | €257,998 | €212,998 | -€45,000 | -17.4% |
| Tangible fixed assets | 22/27 | €74,461 | €59,613 | -€14,848 | -19.9% |
| Furniture and vehicles | 24 | €413 | €1,669 | +€1,256 | +304% |
| Other tangible fixed assets | 26 | €74,049 | €57,944 | -€16,104 | -21.7% |
| Current assets | 29/58 | €411,365 | €457,043 | +€45,678 | +11.1% |
| Amounts receivable within one year | 40/41 | €58,358 | €80,462 | +€22,103 | +37.9% |
| Trade receivables | 40 | €57,875 | €78,967 | +€21,093 | +36.4% |
| Other amounts receivable | 41 | €484 | €1,494 | +€1,011 | +209% |
| Cash at bank and in hand | 54/58 | €330,511 | €364,481 | +€33,970 | +10.3% |
| Deferred charges and accrued income | 490/1 | €22,496 | €12,101 | -€10,396 | -46.2% |
| Total equity and liabilities | 10/49 | €743,824 | €729,654 | -€14,171 | -1.9% |
| Equity | 10/15 | €645,872 | €588,271 | -€57,601 | -8.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €595,872 | €538,271 | -€57,601 | -9.7% |
| Amounts payable | 17/49 | €97,952 | €141,382 | +€43,430 | +44.3% |
| Amounts payable within one year | 42/48 | €83,802 | €112,629 | +€28,827 | +34.4% |
| Trade debts | 44 | €44,948 | €65,863 | +€20,914 | +46.5% |
| Suppliers | 440/4 | €44,948 | €65,863 | +€20,914 | +46.5% |
| Taxes, remuneration and social security | 45 | €38,854 | €46,767 | +€7,913 | +20.4% |
| Taxes | 450/3 | €2,641 | €10,832 | +€8,191 | +310% |
| Remuneration and social security | 454/9 | €36,213 | €35,934 | -€279 | -0.8% |
| Accrued charges and deferred income | 492/3 | €14,150 | €28,753 | +€14,603 | +103% |
| Remuneration, social security and pensions | 62 | €258,863 | €277,250 | +€18,387 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,277 | €60,213 | -€4,063 | -6.3% |
| Other operating charges | 640/8 | €2,060 | €1,620 | -€440 | -21.4% |
| Non-recurring operating charges | 66A | €25,685 | €1,304 | -€24,382 | -94.9% |
| Gross operating margin | 9900 | €288,879 | €282,698 | -€6,180 | -2.1% |
| Operating profit (loss) | 9901 | -€62,006 | -€57,688 | +€4,318 | +7.0% |
| Financial income | 75/76B | €7,686 | €7,528 | -€159 | -2.1% |
| Recurring financial income | 75 | €7,686 | €7,528 | -€159 | -2.1% |
| Financial charges | 65/66B | €1,657 | €3,907 | +€2,251 | +136% |
| Recurring financial charges | 65 | €1,657 | €3,907 | +€2,251 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€55,976 | -€54,068 | +€1,909 | +3.4% |
| Income taxes | 67/77 | €1,654 | €3,533 | +€1,879 | +114% |
| Profit (loss) for the period | 9904 | -€57,630 | -€57,601 | +€29 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,630 | -€57,601 | +€29 | +0.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.